Two-Bedroom Residential Income
For Sale
$465,000
717 S CHRIS COLUMBUS BOULEVARD #620, Philadelphia, PA 19147
South-facing residence with river and city views, two balconies, reserved parking, and access to extensive building amenities.
Property Size1,251 SF
Price / SF$371.70
Days on Market49
Property Features for 717 S CHRIS COLUMBUS BOULEVARD #620
General Information
Standard status
Active
Size
1,251 SF
Property subtype
Apartment
Site & Location
Neighborhood
Bella Vista
Building Details
Year Built
1995
Listing Agency:
OCF Realty LLC - Philadelphia
(215) 735-7368
Listed By:
Jacqueline M Silva · License #RS311485
(215) 694-3003
Source:
Cummingsrealtors
Added: Sep 13
Changed: Oct 29
Last Checked: Oct 30 at 5:12PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of OCF Realty LLC - Philadelphia
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Investment Insights
Based on property information with market context.
Unit 620 is a south-facing, near-corner residence with two bedrooms, two full bathrooms, and 1,251 square feet of living space. The interior includes hardwood flooring, custom window treatments, expansive windows, built-in storage, and two private balconies—one adjoining the living area and another serving the primary bedroom. The open kitchen features granite counters, stainless steel appliances, extensive cabinetry, and a breakfast bar. The primary suite offers a walk-in closet, custom built-ins, dual vanities, a spa tub, and a separate shower. A second bedroom, updated hall bath, dedicated foyer, full-size washer and dryer, custom closet systems, and a separate storage unit complete the layout.
The residence includes two reserved parking spaces within the security-gated indoor garage. Building amenities include a 24-hour concierge, private resident shuttle, fitness facility, heated indoor saltwater pool, hot tub, community and entertainment room, party kitchen, and terrace. The property is near Penn's Landing, the Marina, restaurants, entertainment, the ferry, and fireworks. Current tenancy extends through July 2027.
The residence includes two reserved parking spaces within the security-gated indoor garage. Building amenities include a 24-hour concierge, private resident shuttle, fitness facility, heated indoor saltwater pool, hot tub, community and entertainment room, party kitchen, and terrace. The property is near Penn's Landing, the Marina, restaurants, entertainment, the ferry, and fireworks. Current tenancy extends through July 2027.
Key Highlights
- 1,251‑square‑foot south‑facing, near‑corner residence
- Two bedrooms and two full bathrooms
- Two private balconies with river and city views
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,678
Cap Rate
4.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$393,560
$393.6K
Cap Rate 7%
$281,114
$281.1K
Cap Rate 9%
$218,644
$218.6K
Market Conditions
NOI Build-Up for 1,251 SF
Gross rent
$38.0K $30.36/SF
− Vacancy
−$2.2K −$1.76/SF
EGI
$35.8K $28.60/SF
− OpEx
−$16.1K −$12.87/SF
NOI
$19.7K $15.73/SF
Area
Philadelphia, PA
Vacancy
5.80%
Lease Rate
$30.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$393,560
Cap Rate 7%
$281,114
Cap Rate 9%
$218,644
Alternative Uses
Best Use
Apartment 5plus
$281.1K
$246.0K – $328.0K
NOI $19,678 @ 7.0% cap · market cap 4.23%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$305.0K
$266.9K – $355.8K
NOI $21,348 @ 7.0% cap · market cap 4.59%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
4,558
Businesses Nearby
Explore this area
Business Placement
Demographics for 19147, PA
41,096
Population
20,735
Households
2
Avg Household Size
36
Median Age
69%
College-Educated
93%
High-School Grad
1.3 sq mi
ZIP Area
31,612
Density / Sq Mi
$104,190
Median Household Income
$71,905
Median Earnings
$1,679
Median Rent
$524,900
Median Home Value
Frequently Asked Questions
What type of property is this?
Residential income property - South-facing residence with river and city views, two balconies, reserved parking, and access to extensive building amenities.
Where is this residential income property located?
The property is located at 717 S CHRIS COLUMBUS BOULEVARD #620 Philadelphia, PA.
What is the asking price?
The asking price for this property is $465,000.
What are key features of this property?
This property features: 1,251‑square‑foot south‑facing, near‑corner residence; Two bedrooms and two full bathrooms; Two private balconies with river and city views
